Value Of The Cryptocurrency Market Exceeded $2 Trillion

The value of the cryptocurrency market has exceeded $2 trillion. The market value exceeded $2 trillion for the first time since August.

The rise of the leading cryptocurrency Bitcoin (BTC) to the level of approximately $ 45 thousand in recent days has increased the value of the cryptocurrency market to over $ 2 trillion. As it is known, the value of the cryptocurrency market last reached 2 trillion dollars in August of 2021. Of course, with the downward trends experienced, the value of the said market also declined. Lately, cryptocurrencies have started to gain value gradually once again. To give an example, last week Bitcoin appreciated by about 14 percent, while Ethereum (ETH) rose 12 percent. With this rise, according to the data obtained by CoinGecko, the value of the cryptocurrency market has surpassed 2 trillion dollars. Bitcoin has a market value of about $ 835 billion at the time of writing. Capital controls in Russia are thought to be a factor in the cryptocurrency market's rise to over $2 trillion. Analyst Alex Kruger said the following on the subject: “Non-demand capital controls have no effect on price. Capital controls mean that the price will deviate to one side or the other depending on where or where the demand is.”